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SLT-MOBITEL signs up to provide fibre technology services to Majestic City complex

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SLT-MOBITEL, the nation’s Information and Communications Technology (ICT) solutions leader has signed a MoU with CT Land Development PLC, the owning company of Majestic City luxury shopping complex with the aim of elevating the building’s ICT infrastructure.

Majestic City, which often is best known by its moniker, ‘MC’, is an iconic and one of the most recognizable buildings located in the heart of the bustling city of Bambalapitiya, Colombo 04.

The MoU signing took place recently at the SLT head office located in Colombo Fort and this event was presided over by authorized signatories Kiththi Perera, Chief Executive Officer of SLT and Ms. Mignonne Perera – Director of CT Land Development PLC. Other officials from both companies also participated at the agreement signing.

With the expansive and revolutionary world of digitalization taking shape across the world and the nation, it only felt timely that a luxury shopping complex such as Majestic City would adopt the installation of state-of-the-art ICT infrastructure. With Sri Lanka Telecom PLC being denoted as a fixture that has pioneered in the provision of ICT solutions, the company came into agreement with CT Land Development PLC to facilitate the shopping complex with telecommunications services, ultra-fast broadband connectivity provided through fibre technology as well as the next revolution in entertainment television, PEO TV.

Sri Lanka Telecom’s objective will be to provide the necessary support and expertise that will enable the implementation of a Smart Building in the heart of the city and one that will no doubt transform ordinary lives and lead them forward towards experiencing a glimpse of a digitally-infused lifestyle.

Sharing her thoughts on the new collaboration, Ms. Mignonne Perera, Director of CT Land Development PLC, said, “In keeping with the importance of embracing digital change and innovation, we recognized Sri Lanka Telecom PLC as the ideal partner towards achieving our goal of digitization and staying relevant in this digital age. We look forward to witnessing the Majestic City in a whole new light.”

Mr. Kiththi Perera, Chief Executive Officer of SLT said, “As a national fixture that aims to uplift the nation through technology and digital intervention, it is also a role that we, at SLT embraces in terms of providing the best in ICT and telecom solutions to our home-grown business entities. We feel privileged to have had this opportunity where we can work to elevate Majestic City into a smart building and provide solutions that will no doubt turn into an experience that the public will enjoy and appreciate.”



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Business

Share investors worried over Wealth and Heritage tax

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By Hiran H Senewiratne

CSE trading kicked off on a positive note yesterday but the momentum could not be sustained for long owing to investor worries that the government is planning domestic debt restructuring involving the imposition of a wealth and heritage tax on citizens, market sources said.

Amid those developments both indices moved downwards. The All -Share Price Index went down by 131 points and S and P SL-20 declined by 46.8 points. Turnover stood at Rs 3.4 billion with four crossings. Those crossings were reported in Agalawattte Plantations, which crossed 45.3 million shares to the tune of Rs 1.5 billion, its shares traded at Rs 35, CTC 420,000 shares crossed for Rs 269 million and its shares traded at Rs 640, Cargills 100,000 shares crossed to the tune of Rs 24.5 million; its shares traded at Rs 245 and Hayleys 300,000 shares crossed for Rs 24 million; its shares traded at Rs 80.

In the retail market top seven companies that mainly contributed to the turnover were, SLT Rs 234 million (two million shares traded), Hayleys RS 121 million (1.5 million shares traded), Lanka IOC Rs 106 million (115,000 shares traded), Softlogic Capital Rs 69 million (5.6 million shares traded), CTC Rs 65.3 million (101,000 shares traded), Sampath Bank RS 54.7 million (one million shares traded) and Commercial Bank RS 52.5 million (801,000 shares traded).During the day 164 million share volumes changed hands in 20000 transactions.

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Brandix ‘RightToRead’ initiative gains momentum enriching Sri Lanka students and transforming learning

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Inspired by the challenge to provide Sri Lankan children with better access to learning materials and the transformative power to read and comprehend English, Brandix launched the ‘RightToRead’ project in 2018 in collaboration with the Ministry of Education.

Accordingly, Brandix introduced the ‘ReadToMe’ English learning tool, created by English Helper – India, to improve reading and comprehension skills of Sri Lankan students. Last Monday, Julie Chung, the US Ambassador to Sri Lanka, visited Susamayawardhana Vidyalaya in Borella, to observe progress of the project and experience how children and educators in Sri Lanka engage with educational technology.

Brandix Lanka Limited, Director, Ajit Johnpillai, said: “Education is the most powerful tool to enrich communities and futures, and Brandix is committed to build a strong foundation for transformational learning for students across Sri Lanka. The progress we have made with RiteToRead over the past two years is promising, and the potential for change in the education sector harnessing such digital technologies is immeasurable. Brandix will continue its commitment to deliver Inspired Solutions for the people of Sri Lanka.”

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Dialog TV Boosts Resilience and Capacity with Norsat Satellite Earth Station

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Hytera, a leading global provider of professional communications technologies and solutions, is proud to announce the successful deployment of a new backup satellite station for Dialog TV, Sri Lanka’s No.1 satellite Pay TV service provider. The project was fulfilled in 2022 by Hytera and its subsidiary specialized in Satellite Communications (SatCom), Norsat International Inc. The new station enhances the resilience and capacity of Dialog TV’s existing system and ensures continuity of service in the event of damage due to natural disasters.
Dialog TV provides coverage over the entirety of Sri Lanka through the Intelsat 38 Ku-band satellite. As the business expanded, it opted for a backup solution to support its existing satellite station and to strengthen the network’s disaster tolerance.
Hytera and Norsat provided an end-to-end satellite earth station solution that includes the installation, integration, and setup of satellite antennas, a transmission and receiving system, a new network management system (NMS), and a carrier monitoring system (CMS). The NMS makes routine work easier and simpler for on-duty staff, as equipment status, parameter monitoring and configuration, and remote control of the devices can be viewed and accomplished via a single interface. The CMS monitors the carrier spectrum status of satellite signals in real-time and ensures stable signal transmission and receiving.
“We are excited to have been able to work with Dialog TV on this important project,” said Kevin Sun, Sales Director for Hytera South Asia, “Our ability to seamlessly integrate our new equipment and software with Dialog TV’s existing systems has helped to ensure a stable and reliable service for their millions of customers across Sri Lanka.”

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